Is Pocahontas, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pocahontas is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Pocahontas was a Buyer's Market.

Key Takeaway

Pocahontas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pocahontas, IL

How much do homes in Pocahontas, IL cost?

Median Sold Price

$227,025

$111/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$29,975(-11.7%)

Key Takeaway

Homes in Pocahontas have sold for 11.7% less than they did a month ago.

Summary: The median home sold price in Pocahontas was $227,025 in May 2024, down 11.7% from last month, and the median price per square foot was $111.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 -$46.5K
N/A
3 $257K$278.5K
+8.4%
4 --
N/A
5+ --
N/A

Summary: Pocahontas housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 8.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Pocahontas, IL

How many homes are available in Pocahontas, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
912+33.3%

Summary: The Pocahontas real estate market had 12 homes for sale in May 2024, a 33.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 22
0.0%
3 46
+50.0%
4 01
+100.0%
5+ 22
0.0%

Summary: The Pocahontas housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pocahontas, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Pocahontas in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Pocahontas, IL

How long does it take to sell a home in Pocahontas, IL?

Average Sale Time

Apr 2024May 2024CHANGE
42 Days22 Days-46.0%

Summary: Homes in Pocahontas had an average of 22 days on market in May 2024, down by 46% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pocahontas are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 3 homes were sold in Pocahontas; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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MLS Disclaimers and Copyright

Based on information from Mid America Regional Information System for the period 04/01/2024 - 06/01/2024

IDX Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

Listings courtesy of MARIS MLS as distributed by MLS GRID. Copyright © 2024 Mid America Regional Information System (MARIS). All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/5/2024, 12:53:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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